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Top Three Videos – January 24, 2024

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Mark Thornton: What Is Inflation for 2024? (January 20, 2024)

Minor Issues...

Summary

 

Inflation is a hidden tax that erodes the value of money over time, and traditional monetary policies may not be effective in controlling it, leading to uncertainty in the political landscape.

 

 
  • The definition of inflation historically and within the Austrian School is an artificial rise in the supply of money by government or central banks or by a fractional Reserve banking system.
  • The definition of inflation is based on the statistical rise in prices and the consequent falling value of the monetary unit.
  • Inflation is a hidden tax that erodes the value of money over time.
  • Consumer Price Index inflation is still very high relative to expectation and policy goals, despite the government statistics indicating otherwise.
  • Interest rates are not high enough to kill off inflation or necessarily even to get back to 2% inflation, challenging traditional monetary policies.
  • “2024 holds a lot of political ramifications as 50% of the developed World economy voters go to the polls lot of uncertainty there especially for certain political Elites given the widespread rise of right-wing populism in many countries around the world.”

Rudy Havenstein: What Elites Don’t Understand About America (Dec. 7, 2023)...

Hidden Forces...

Summary

 
 

The United States should prioritize the needs of the American people over international concerns, reduce its physical troop presence around the world, and avoid getting involved in wars that aren’t of grave mutual interest to America.

 

Economic and Political Policy Perspectives

 
  • “It’s the military-industrial corporatist complex that Eisenhower warned us about in ’61.” – Rudy Havenstein
  • Growing up as a Cold War hawk, the speaker’s anti-Soviet and anti-communist views shifted after reading Noam Chomsky’s book “Deterring Democracy.”
  • If wars had to be paid for by raising taxes, the decision to go to war might be very different.
  • Republican forms of government don’t work if the voting citizenry doesn’t feel adequately represented, and the government should prioritize the needs of the American people over international concerns.
  • The real issue underlying this is the distribution of power in the country at the civic level, and it’s really about the power of each individual in society and not just the random assortment of leaders at the top of the hierarchy.
  • The worship of ephemeral wealth in this country really bothers me, as we give wealthy people praise they don’t necessarily deserve and treat poor people with indignity they don’t necessarily deserve.
  • Trump’s success in 2016 was due to presenting an economic narrative that people could relate to, unlike the MSM.
  • Reagan’s slogan “Let’s make America great again” was inclusive and attracted blue collar Democrats, unlike the divisive messaging of Trump.
     

Critique of American Foreign Policy

 
  • Hyperinflation is the worst possible outcome for any country, and it directly led to the rise of Hitler in Germany.
  • “Why are we in Libya? Why do we do that where it’s open air slave markets now? We’re providing air support for Al-Qaeda in Syria. What is up with that?”
  • Havenstein advocates for a policy of American withdrawal from wars that aren’t of grave mutual interest to America, and reducing America’s physical troop presence all over the world.

Catherine Austin Fitts: Discussing The Implementation Of CBDCs (Jan.22 2024)...

Underground Revolutionaries...

Summary

 

The introduction of Central Bank Digital Currencies (CBDCs) and the push for complete digital control by central banks and global organizations is a threat to individual sovereignty, personal wealth, and democratic processes.

 

 
  • The introduction of CBDCs allows for much tighter control, making it easier to shut down individuals, take taxes without permission, and determine where money can be spent.
  • The injection of money by central bankers is causing inflation, affecting prices and the time it takes for individuals to make ends meet.
  • The infrastructure of central banks, combined with the UN, WHO, World Bank, and IMF, is building a system to create digital concentration camps that strip countries and individuals of their sovereign powers.
  • “They want digital control of all Financial transactions. They don’t need CBDC to do that they can do that with credit cards.”
  • They want complete digital control that is destructive to the environment and personal wealth, causing enormous destruction and death in the meantime.
  • “We need to create independent economic income and ability to transact without the big central systems being able to put us in the trick box they want to.”
  • The most critical ingredient to democratic process and freedom is Family Health and Family wealth.

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